
Minimise insurance claims and reduce premiums for owner’s corporations and lot owners
Several steps can be taken by lot owners and owner’s corporations to minimise claims and in turn, reduce insurance premiums.
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Several steps can be taken by lot owners and owner’s corporations to minimise claims and in turn, reduce insurance premiums.
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One of the most important changes, in December 2021, to owner’s corporation insurance relates to the liabilities of residents, tenants, and guests.
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The benefit principle states that individual lot owners who benefit more from owner’s corporation decisions should pay more. If the benefit principle is not applied, matters can end up in VCAT.
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The Victorian government has introduced a temporary land transfer duty concession (previously known as stamp duty) or exemption for new residential properties in the City of Melbourne with a dutiable value of up to $1 million.
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New and significant changes to the Environment Protection Act from July 2021, see important obligations for land contamination management and notification.
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When deciding the type of ownership to register your property, the most common choices are Tenants in Common or Joint Tenancy. So, which do you choose? In this article, we take a look at both of these types of ownership and their differences.
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